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Irish-owned telecommunications group Digicel's talks with bondholders to renegotiate repayment of US$3bn in debt are "going well" despite the company repeatedly extending a deadline to reach a deal with creditors, Digicel Group's...

Chinese group Lenovo posted strong double-digit growth for its fiscal second quarter, with revenue rising 14% year-over-year to US$13.4bn. The growth was fueled by the company's PC and Smart Devices (PCSD) business and by a return...

Intel is seeking to bring the digital and physical worlds together through its next generation of processors that are preparing for the data tsunami coming from connected things. According to Marcelo Bertolami, Intel's Americas...

Santander México and Mastercard said that the bank's cardholders will be able to make contactless digital payments via Garmin and Fitbit smartwatches, starting in November. The move, according to a press release, would position...

The consolidated revenue of Carlos Slim's telco in the different segments where it operates, with market share and income in millions of Mexican pesos, which is estimated from the company's total revenue and its percentage...

Argentina's telecoms regulator Enacom will start blocking irregular prepaid lines on October 18 as part of a clampdown on the smartphone black market and millions of users could be left without connection if they don't regularize...

Brazil's upper court of justice (STJ) granted Apple the right to use the iPhone brand in the country, a victory for the US company against local electronics manufacturer Gradiente. Gradiente, through its controller IGB Eletrônica,...

Sales of smartphones in Brazil amounted to 24.1mn units in the first six months of the year, down 3.7% from the first semester of 2017, according to IDC data. The drops were of 1.8% and 5.5%, respectively, in the first and second...

US chipmaker Qualcomm, in partnership with Brazilian ICT R&D group CPqD, launched in Brazil its first reference center exclusively for the development of IoT solutions in the world. Set up on the smart campus of the Facens...

Brazilian telecom watchdog Anatel is launching in 10 states its program to block pirated or unlicensed mobile devices. Dubbed "Legal Cell Phone", the project is divided in phases and aims to strengthen the fight against tampered,...

China's ride-hailing service DiDi, which launched operations in Mexico in April, said it widened its footprint from Mexico City and neighboring Toluca to include the country's second largest city, Guadalajara. The company,...

Mexican offline messaging company Bridgefy has partnered with the country's leading emergency notification app SkyAlert to increase the effectiveness of its earthquake alert system in 14 states, the companies said in a statement. ...

The Mexican unit of US telephony giant AT&T will start presales of Apple's new Xs line of smartphones on Friday, and will have the devices in its stores from September 21, the company said in a statement. Apple presented this...

Telecom companies in Costa Rica, which under a recent law must block mobile signals in the country's jails, could look to Brazil's Neger Telecom for solutions on how to implement the process, a report by a local daily said. In...

Smartphones sales in Latin America are expected to be less than originally forecast for 2018 as elections and economic uncertainty have caused consumer jitters, according to consultancy Gartner. Devices analyst Tuong Nguyen told...

Concerts. Natural catastrophes. Massive political rallies. One thing all those events have in common is that they put severe strains on telecommunications networks, often making it very difficult for users to communicate as the sheer...

The crowning achievement of Colombia's Vive Digital inclusion program during former president Manuel Santos' administration was reducing poverty and in making ordinary people and government officials see the power of technology to...

Over 300 small store owners in the Peruvian cities of Lima and Piura have become the first users of the mobile wallet service known as Bim, a joint venture between Peru's national bank association Asbanc and the Latin American...

BNamericas delivers on-the-ground insight and trusted business intelligence to companies and investors active in and entering Latin America. Identifying opportunities early on and connecting clients with decision-makers across 12 industries, BNamericas is the edge your company needs in Latin America.

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Methodology & Procedures

Definitions

Projects covered include state-owned and private projects in the Infrastructure, Electric Power, Oil & Gas (excluding upstream), Water and Waste, and Mining sectors.

Where applicable, a project is considered as such until the end of construction and ramp-up to full capacity (with the exception of mining projects, where the date of commissioning signifies the end of the project). Projects must have a:

Data

For state-owned projects, initial information about the start date and estimates for completion and investment are taken from original signed contracts, along with addendums and annexes.

If original contracts cannot be obtained, information is taken from public documents, presentations, news articles from BNamericas archives, and external sources.

In cases where contracts are subject to approval by legislators, the start date is the date of the law or legislative approval.

In the case of private projects, information is taken from public sources, such as stock exchange filings, annual reports, company presentations, third party research and press releases.

In judging the timing of investment decisions for private projects, great care was taken to differentiate between large projects receiving environmental approval and proceeding directly to construction, and smaller projects where the investment decision hinges on securing financing.

Best care is taken to ensure that recorded data is correct at the time of entry and that each entry is backed with a relevant source.

The greatest care possible was taken to ensure consistency of information in order make a like-for-like comparison in project costs. Insofar as the figures rely on disclosure by the organization or company responsible, the figures can be considered to be conservative in nature.

No attempt was made to adjust figures for inflation during the course of research or for consideration of the time value of money.

Validation

In the case of state-owned projects, validation is carried out where possible with either a member of the consortium, EPC contractor, a relevant state agency or advisors to either party.

Currency

Projects costs are measured in US dollars. Where project costs are measured in a local currency, amounts are converted to US dollars at the date of the relevant announcement, signature or report.

Severity of deviation from original estimates

The severity of deviation from original estimates is defined according to set criteria.

Timing

Status

Condition

Ahead of time

95% of original estimate or below (measured in months)

On time

95% to 105% of original estimate

Minor changes

105% to 120% of original estimate

Medium changes

120% to 160% of original estimate

Major changes

Over 160% of original estimate

Budget

Status

Condition

Ahead of budget

95% of original budget estimate or below

To budget

95% to 105% of original budget estimate

Minor changes

105% to 120% of original budget estimate

Medium changes

120% to 140% of original budget estimate

Major changes

Over 140% of original budget estimate

Changes in Scope

Changes in scope beyond the start date are not accounted for.

Language definitions

Where guidance is non-specific as to dates for completion, the following is used. Project to be completed by 2018 = December 31, 2017 Project to be completed in 2018 = December 31, 2018